Thai Union Group's increased stake in Thammachart Seafood Retail marks a drive by the seafood giant to increase its focus in local markets.

The seafood giant's acquisition of a further 39.9 percent share in the Thai retail company last month came after it acquired a 25.1 percent stake in 2018.

“Thai Union decided to invest in Thammachart Seafood Retail, recognizing that this investment is a good synergy of the two companies," said Rittirong Boonmechote, president of Thai Union's Global Frozen & Related Unit.